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20131105
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CNBC
Nov 3, 2013 7:30pm EST
healthcare.gov. the flawed website is not stopping people from enrolling. and i'm off to see the wizard, the story of oz marks ten years and billions of dollars. i have a look at how this money maker has defied gravity for a decade. we'll have the stock of the week, back in a moment. i love having a free checked bag with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any country and spend money the way we would in the u.s. when i spend money on this card, i can see brazil in my future. [ anthony ] i use the explorer card to earn miles in order to go visit my family, which means a lot to me. ♪ that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized m
CNBC
Oct 30, 2013 5:00pm EDT
with health care. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can make better health decisions. that's health in numbers. unitedhealthcare. >> more headlines from facebook's earnings call. the growth the company has seen in mobile. you have 49% of ad revenue coming from mobile but he also said that 48% of users access the site only from mobile devices. he stressed potential areas of growth. he said there is a lot of potential in search saying they want to be able to have people ask a question of their community and have that answered. he also said, and this is really interesting, that he expects to develop more distinct services that are separate aps that would live separately on your phone to allow people to share information with different groups of friends. with everyone or with a smaller group. engages with more than one ad per week. talking about some of the success in advertising. i'm going to tune back in. >> thank you so much for that update. >> she joins us now on the fast line. what do you with your position?
CNBC
Oct 30, 2013 12:00pm EDT
for the fact that healthcare.gov is not working properly, saying they are trying to fix it. even this morning, the site remains down because of a cloud server issue. she also said that one of the things when she was confronted by representative terry, why they're not giving enrollment numbers even as states are, she said the reason is, that she won't give them, because of the continuing problems with the system. >> that data out there exists. >> sir, i would -- i would tell you right now, it is not reliable data. according to the insurance companies who are eager to have customers, they are not getting reliable data all the way through the system. >> and on the issue of all of the plans for the people in the individual market that are being cancelled, she defended the president saying that he didn't like. she said it lies with the insurers that the insurers could have maintained those plans as grandfathered plans, as they had existed in 2010. but they decided because in some cases perhaps it wasn't going to be profitable to them, to just scrap those plans. so she certainly has come in on the
CNBC
Oct 30, 2013 3:00pm EDT
to move the enrollment process to his website while they fix healthcare.gov and offering to do it for free. the letter to the president makes that offer very clear. there it is. >> joining us is gary lauer. good to have you on the program. >> great to be here. >> are they taking you up on your offer? what response have you gotten? >> none so far. seems they're busy today. >> why do you think can you do this? >> we've been doing this for years and years, e-commerce, this is what we do, amazon.com of health insurance. we understand how to deal with these kind of volumes. we know what consumers want in terms of interaction and we know how to make this daunting, complex decision. >> you do precisely what they want healthcare.gov to do. >> before the words health insurance and exchange were in the same sentence, we've been doing that. >> do you understand what the problem is with the website? what exactly happened? they were overloaded? >> i suspect it's plural, problems. not just problem. there are obviously fundamental issues under way. we saw that piece where secretary sebelius said she does
CNBC
Oct 30, 2013 9:00am EDT
experience of healthcare.gov have not lived up to the expectations. american people and are not acceptable. we are committed to fixing these problems as soon as possible. s&p up 13 of the past 15 sessions. we do have a fed decision this afternoon. even initial reviews of the apple ipad air. as we monitor the hearing this morning in washington, let's get to jim. first, broad markets, we've not had a run look we've had this month in a long time. whether you're larry fink or others, people asking serious questions about when in ends and how it ends. >> you keep thinking it should end and then general motors comes out with a quarter that says, hey, listen, we're back, too. you keep thinking it will end and then i sit back and listen to some of these conference calls and various industries. buffalo wild wings. you can say they're small potatoes but they're blowing the number away. gilead last night, a remarkable quarter. i keep getting stunned by the facts, even though the thesis should be we're too far too fast, the facts keep baring out the rally. >> not to mention the fed is not likely to ta
CNBC
Oct 28, 2013 3:00pm EDT
said this week that president obama did not know about the healthcare.gov's technical problems until after the launch, in a statement she delivered from under the bus. >> yes, when "saturday night live" makes your signature legislation a weekly punch line, that's never a good thing. and it could get worse as congress prepares to hold hearings tomorrow on the troubled rollout. bertha coombs with the latest on the as obama care turns saga. >> feels like a soap ra, doesn't it? house officials are holding daily briefings on healthcare.gov but short on details. the federal data system was down much of sunday due to an outage provided by verizon's unit. it affected all of the states as well. now, on the conference call today, spokespersons for cms didn't say what caused the verizon server fail you're or how they're prooevening it from happening again. we don't know if it happened because of one of the fixes that tripped it up. last week testifying before congress, the contractor who built the federal hub, qssi, said it was working properly. on friday qssi was made general contractor in cha
CNBC
Nov 1, 2013 5:00pm EDT
costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. >>> welcome back, in case you missed today's top moments here's a rapid-fire recap in tonight's executive edge. >> affordable care act is insurance, eligibility and access and basically, they are going to pay for that by reducing the reimbursement. it doesn't modernize how we drive to higher quality care. >> i think many people, myself included, and i'm certainly not alone in this, are beginning to worry about the consequences how we unwind ourselves from this stuff. >> i would think so. >> and i think that's very important. and we have to understand, there is a risk there. >> i don't want to act like we can win both ways, but in a sense i can. if they keep providing all this liquidity, that's great for the
CNBC
Nov 4, 2013 5:00pm EST
. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. pcentury link provides reliable yit services like multi-layered security solution to keep your information safe & secure. century link. your link with what's next. ♪ ♪ so you can get out of your element. so you can explore a new frontier and a different discipline. get two times the points on travel and dining at restaurants from chase sapphire preferred. so you can be inspired by great food once again. chase sapphire preferred. so you can. >> >> welcome back to fast money. tesla reports third quarter earnings tomorrow. the stock is at a monster run in 2013. >> thank you. >> the brakes in the past month following about 3%. actually in the month of october it was down. should you buy the dip ahead of earnings. time for a good old fashioned street fight. >> can you beli
CNBC
Oct 30, 2013 6:00am EDT
and microsoft to help fix the government's healthcare.gov website b. an october 7th inquiry from amazon subsidiaries. in the meantime, microsoft contacted hhs and the white house with offers of technical expertise and assistance, but the company has not provided any such services at least at this point. >>> coming up, we're going to do reviews of our own. we have reviews of apple's new ipad. >> you have it? >> i don't have it. i've seen it. >> do you guys have air? >> it's pretty amazing. >> we have it coming up in the next segment. >> it seems like all minor things to me. >> it's a little lighter, a lot monster. >> 3-d games are -- >> you want them better or -- >> no. it's expensive. >>> we're going to talk about the sugary drink tax debate. also, in sports news, the boston red sox, can win the world series tonight at fenway if the cardinals win. game seven, that's going to be in boston. >> if they win in boston, it will be the first time since woodrow wilson. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. an
CNBC
Oct 29, 2013 9:00am EDT
on healthcare.gov but no doubt there will be questions as well with regard to premium prices and how they're impacting individuals in the individual market. guys, back to you. >> all right, bertha. we know you'll be on top of it. thank you for that. our bertha coombs in washington. >> the s&p hitting another all-time high. is it finally time to expect some kind of significant correction? our next guests have differing views on that matter. our bear and our bull. guy, good morning to both of you. >> good morning. >> kyle, s&p is having its best month in two years since october of 2011 and there's a growing sense among some that because it has been such a torrid month, we'll pay for it in a more torrid way on the way down. do you agree? >> this is what i say. we have moved to being cautious live optimisting on the marketplace. i'm highlight reasons why. one, the fact that interest rates are going to be kept low, janet yellen coming in, i think she's a dove. there is no other place to look for yield or outsized returns but the united states marketplace. we're going to pick sectors like techn
CNBC
Nov 1, 2013 4:00pm EDT
. my customers can shop around. but it doesn't usually work that way with health care. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can make better health decisions. that's health in numbers. unitedhealthcare. >>> welcome back to "closing bell." we're following every incident at l.a.x. following the shooting incident in terminal 3 at l.a.x. it comes just three weeks before the start of the holiday shopping season. just more than a month since that deadly attack at a mall in kenya. the question we're asking in addition to several other questions, is should mall operators be taking steps to increase security in the wake of these incidents? >> let's talk to michael rosen, president of rosen security, and advises shopping centers on security, and a former israeli defense director. thank you. >> thank you for having me. >> obviously a difficult day. when you talk about public arenas, and a shopping mall certainly qualifies in that area, what can you do? there's only so much you can do short of making a shopping mall a fortress whic
CNBC
Nov 1, 2013 7:00pm EDT
with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. so, if you're sleeping in your contact lenses, what you wear to bed is your business. ask about the air optix® contacts so breathable they're approved for up to 30 nights of continuous wear. serious eye problems may occur. ask your doctor and visit airoptix.com >>> are democrats running scared from the collapse of obama care? and how much might it hurt them in 2014? we're back. we have dorian warren, robert traynham, and jimmy kemp. jimmy kemp, i'll go to you. it was the common wisdom that the shutdown was being blamed on the republican party, and that would have catastrophic implications for 2014. now we have the obama care catastrophe. does that change the game here? >> there is always going to be something that changes the game. we live in a very
CNBC
Nov 4, 2013 3:00pm EST
, they say they are now going to be taking healthcare.gov down between 1 a.m. and 5 a.m. it started over the weekend. they'll be doing it now on a daily basis. while it will be another week before we get official enrollment data from the obama administration, some interesting indicators from a commonwealth fund survey. fewer than 1 in 5 merndz who could be eligible under obama care said they visited healthcare.gov. while 60% of those polled know about the online marketplaces, only slightly more than half are actually aware of the availability of subsidies. of those who visited the exchanges, 21% said they had actually enrolled. among early shoppers 1 in 5 is younger than 30. while more than half are between 30 and 49. 73% describe themselves as being in good or excellent health. while 1 in 4 say they're in fair to poor health. now, tomorrow marilyn tavenner will be back on the hill testifying. that hearing gets under way at 10 a.m. on wednesday kathleen sebelius will be back as well, testifying before the finance committee. back to you. >> bertha, thank you so much. th
CNBC
Nov 4, 2013 4:00pm EST
and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. >> welcome back. it was less than a year ago that the president won a big victory. now calls to hike taxes more on the rich are raising volumes all over again. these calls are coming from your own backyards. he joins us now on a story i cannot wait to hear. >> you talk about our backyard. it really is our backyard. mayoral candidate ahead in the polls going into tomorrow's election. the key to the platform is raising more than $500 million to pay for education programs. a top senate leader says he will push it. in colorado voters head to the polls tomorrow to decide whether to hike taxes especially on those making $75,000 or more. i guess that counts for rich in colorado. that money is s
CNBC
Oct 28, 2013 12:00pm EDT
care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. before their gift helped preserve the point... before a credit solution was used to expand their business... before trusts were created for their grandkids' educations... they chose a partner to help manage their wealth... one whose insights, solutions, and approach have been relied on for over 200 years. that's the value of trusted connections. that's u.s. trust. she loves a lot of it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell yo
CNBC
Oct 28, 2013 4:00pm EDT
work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. ♪ ♪ [ male announcer ] the new twin turbo xts from cadillac. 410 available horses. ♪ room for four. twice the fun. ♪ ♪ ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you tak
CNBC
Oct 28, 2013 7:00pm EDT
. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. anbe a name and not a number?tor scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. power and associates. ido more with less with buless energy. hp is helping ups do just that. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the same benefit to
CNBC
Oct 29, 2013 12:00am EDT
't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. >> as i reported in 2008, an investigation into a $20-million online poker scam was leading to a specific player who had an uncanny ability to win even while holding the worst hands. the most likely explanation seemed to be that someone had gotten access to an administrative or security account at absolute poker and ultimate bet that would have allowed them to see all of the cards in the game as they were being played. somebody with access to a server, a computer server that would give that information to them in real time? >> yes. >> so either a really good hacker or somebody on the inside? >> exactly. >> late last year, the poker sleuths got lucky. when one of the players requested the hand histories of a suspected cheater
CNBC
Oct 29, 2013 5:00am EDT
operation. >>> healthcare.gov is back up and running after a data outage this weekend prevented people from signing up for insurance. but there may be other nontechnical issues plaguing obama care. seema is with us in the states. what else is going on? >> well, ross, in the period leading up to the launch of the affordable care act this month, president obama repeatedly said if americans liked their insurance plans and their doctors, they would be able to keep them under the new law. but nbc news is reporting the obama administration knew for several years the majority of people who buy their own health coverage wouldn't be able to keep this happen their policies under obama care. nbc says those forced to buy new insurance may experience sticker shock from higher premiums. when the law was passed in march of 2010, it was supposed to grant grandfather in existing policies, even if they didn't comply with the rules. but that same year, the department of health and human services rewrote some regulations essentially getting rid of the grandfather exemption. now, the white house isn't disputing
CNBC
Oct 29, 2013 7:00pm EDT
of healthcare.gov the central portal for obama care. what they're really looking to do is put her on the spot ahead of 2014, to talk about things beyond the website to grill her on the policy. >> all right. are they going to point out this incredible presidential gap, which we now think is in the pantheon of presidential falsehood that they said repeatedly, the president sold under false pretences this plan by say figure you like your insurance company, you don't have to leave it. if you don't like your doctor, you don't have to leave it. it turns out that is completely untrue, there may be 15 million people to leave it. now, do you expect the house members to make a big deal of that with sebelius? >> very much so. larry, i walked over here for the capitol, they tell me they want to move the argument on obama care from the right beyond making it about glitches on a website no something about hip pock ricci and the administration being hypocriticalal of what it predicted and what it promised. >> is there any talk now linking about delay? delay means many things to many people. delay could mean
CNBC
Oct 31, 2013 4:00pm EDT
. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can make better health decisions. that's health in numbers. unitedhealthcare. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. >>> welcome back. in the spirit of halloween, cnbc's popular million dollar homes franchise is scaring up houses worth $1 million in america's spookiest neighborhoods. they have a haunted past or ties to a famous horror flick. we sent seven reporters out to the mysterious real estate markets to give you a tour of million dollar homes. these homes fought to the death to advance in our tournament. you may be able to guess using our clues. or you may be shocked when we reveal where they are. in the last round, savannah's ominous oasis lost to ghoulish glory of new orleans. in the final chapship round, new orleans ghoulish glory
CNBC
Nov 1, 2013 5:00am EDT
for the rollout of troubled website. the ccoio notes indicate direct enrollment through healthcare.gov want working for the first two days. the documents are unofficial. earlier this week, kathleen sebelius told congress she won't release official numbers until mid november. sebelius won't be back on capitol hill next thursday testifying before the senate finance committee. and washington will be receiving help from silicone valley as several top tech and internet companies including oracle, google and red hat will be joining the government's efforts to try and fix the problems with healthcare.gov. the site has suffered outages in the last week. those individuals will helped they are expertise in website reliability, stability and scaleability. and, ross, they certainly need that right now. >> yeah, they certainly do. mary, another story, it's kind of health care related. i know you've run the new york marathon. it didn't happen last year because of superstorm sandy. it's back on again this weekend. i know an awful lot of brits who go over and run this. how big is this going to be, bearing
CNBC
Oct 28, 2013 9:00am EDT
customers can shop around. but it doesn't usually work that way with health care. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can make better health decisions. that's health in numbers. unitedhealthcare. with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any country and spend money the way we would in the u.s. when i spend money on this card, i can see brazil in my future. [ anthony ] i use the explorer card to earn miles in order to go visit my family, which means a lot to me. ♪ >>> let's get to squawk on a tweet. ketchup change-up. mcdonald's announcing plans to end its 40-year relationship with heinz. the reason, heinz's new ceo was formerly the ceo of mcdonald's's rival burger king. also still vice chairman of burger king's board. squawk on the tweet question, mcdonald's
CNBC
Oct 30, 2013 4:00pm EDT
ultimately this website, healthcare.gov, will be the easiest way to shop for and buy these new plans, because you can see these plans next to each other and compare prices and see what kind of coverage it provid provides. but, look, there's no denying it. the website is too slow. too many people have gotten stuck, and i'm not happy about it. and neither are a lot of americans who need health care and they're trying to figure out how they can sign up as quickly as possible. so there's no excuse for it. i take full responsibility for making sure it gets fixed asap. we are working overtime to improve it every day. every day. [ applause ] more people are successfully buying these plans online than a few weeks ago. i expect more people will be able to buy conveniently online every single day as we move forward. we'll get these problems resolved. now, in the meantime, can you still apply for coverage over the phone or by mail or in person. because those plans are waiting. and you're still able to get the affordable, reliable health insurance that's been out of reach for too many people for too long
CNBC
Oct 31, 2013 5:00am EDT
also says he takes full responsibility for resolving issues with healthcare.gov. >> there's no denying it. right now, the website is too slow, too many people have gotten stuck. and i am not happy about it. and neither are a lot of americans who need health care. >> and the troubled rollout of obama care and the recent government shutdown has hurt the president's standing. his approval rating is falling five points in less than three weeks to 42%. the lowest level of his presidency. obama's likability is dropping, only 41% now view him positively versus 45% that are negative. joef all, 70% of americans say the u.s. is headed on the wrong track. >>> and america is out with its semi anlul currency report. once again, the treasury stops short of labelling china a manipulator. it says the u.n. is still undervalued, but recent appreciation is for the economy. it says the country's dependance on exports is hurting economic stability in europe and the global economy. the treasury says germany should focus more on boosting domestic growth. >>> as for the agenda today, stateside weekly jobless
CNBC
Nov 1, 2013 9:00am EDT
, thank you very much. the federal site, the healthcare.gov has been plagued from the start. now it looks like your location could play a major role in how well or how badly the site performs for you. bertha coombs is live in lexington, massachusetts with more on that. good morning. >> reporter: good morning, simon. we're at compuware. they've been doing an independent end user testing and monitoring of how people are accessing the site, healthcare.gov. it does seem there are differences. the government says it should all be the same because healthcare.gov is the one portal for some 36 states but there are differences depending where you are. this is a map of what you have saw a couple of weeks ago. and tell us what the red means. obviously not good. >> so what you're seeing here is real and user computers that we're using to test the response time of the site. and all the states that are red are indicating an average of greater than 8 seconds response time, which is considered unacceptable to us in our testing. >> this is realtime this morning. it's certainly gotten a lot better, yet we
CNBC
Nov 4, 2013 9:00am EST
to what's next. but it doesn't usually work that way with health care. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can make better health decisions. that's health in numbers. unitedhealthcare. so i c an reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. >>> >>> welcome back to "squawk on the street." shares of ryanair are getting grounded after they lowered their profit forecast for the last couple of times citing competitive pressures and the weaker, bigger economy. ryanair is europe's biggest airline. >>> off to chicago where rick santelli is standing by. >> thanks. everybody enjoyed james bullard on cnbc with steve liesman. i have basically on
CNBC
Nov 1, 2013 6:00am EDT
washington news. we'll do it all now. >>> dismal debut numbers for healthcare.gov. documents released by the house overknight sight and government reform committees show just six enrollments managed to make it through the system in 24 hours. notes from a center for consumer information and insurance oversight, war room meeting on october 3rd say a total of 248 enrollments had been processed by that morning and that contrasted with the obama administration's reports of more than 6 million unique -- that's a big -- >> i understand why they don't want to give out the numbers. >> the health and human services department has said it won't release enrollment figures until mid november. >> they're probably better off that way. >> that's what sebelius said. >> mid november, i'd do -- >> jan 1? >> yeah. mid 2015 and see what happens. >>> we have other news, president obama has reportly ordered the nsa to stop eavesdropping on joe kernen. no, stop eaves dropping on the headquarters of the imf and world bank. the order is said to be the latest move, of course, by the white house to demonstrate i
CNBC
Oct 31, 2013 7:00pm EDT
darrell issa has subpoenaed secretary sebelius for the information regarding the botched healthcare.gov launch she so far declined to hand over voluntarily. all right. all those stories and more. on "the kudlow report" starting right now. this is just unbelievable. all right. now, we've got all this developing news here to analyze the whole story. we bring in bob lashevski. dr. scott gottlieb joins us, american enterprise resident fellow. and ovik roy, senior fellow at the manhattan institute. gentlemen, welcome. ovik, let yes just start with you. this is a quick one, but i want to get it out. darrell issa subpoenaing sebelius. she won't come clean. he's been asking for documents, inside documents. who, what, where, what did the contractors tell her, what's it going to cost? >> i think it's a very significant development. as you said, sebelius has been stone walling. there's so much important information that we don't know. for example, the fact that they hadn't tested the system end to end, at least until a week before october 1st, and yet they still went ahead and launched this th
CNBC
Oct 28, 2013 1:00pm EDT
to healthcare.gov went down holding on-line enrollment in all 50 states. this is just the latest in the series of messups that have plagued or crippled website over the weekend. just the weekend. our bertha coombs and cnbc health care reporter dan mangen have been following the story. >> basically verizon's unit hosts the data hub, the part that everybody says it works great, the part that collects all of the pieces about your information, connects with irs, with homeland security, to authenticate who you are. the hosting part went down for about 20 hours over the weekend and it's not clear why that happened and why it took so long to come back. talking to data folks they were saying it doesn't make sense you wouldn't have what they call a fail over, trip over to another server that would kick in within a few minutes. it shouldn't take a full day. >> did you see "saturday night live" the woman who did kathleen sebelius and she was so proud they had three likes on facebook for the website. dan, one of the other things that i think a lot of people are finding is that there's sticker shock here.
CNBC
Nov 4, 2013 4:00am EST
a plan they could afford. the federal insurance website healthcare.gov was down again this weekend for what's called extended maintenance. there will be more hearings on capitol hill this week, this time on the senate side. marilyn tavener testifies tomorrow and health and human services secretary, kathleen sebelius, you see her there, she goes in front of the senate finance committee on wednesday. they were just up on the hill last week on the house side, karen. this is probably ease -- these hearings probably aren't going to stop. there are a number of committees looking into this. >> do you think the obama administration can use obama care at some point to become a public -- a positive public relations exercise? >> well, it just depends. they really need to get a lot of people in. if you start getting people in who can find insurance and they feel good about the affordability of it, certainly then that becomes a testament, but at the moment they really have really big hurdles to overcome with this main way for people to sign up in some 36 states. just yesterday on the sunday sho
CNBC
Oct 28, 2013 6:00am EDT
down over the weekend. what happened? >> all the ones that are on the federal exchange. healthcare.gov went down yesterday. this is not the first time we've seen significant problems with the federal website. state exchanges went okay. you have a pretty disastrous situation at the federal level. you need to start running up the numbers on people signing up before the march 31 deadline next year because insurance companies need to start racking up premiums so they can insure a lot of folks, the sicker folks coming on. the biggest problem is you need a lot of young, healthy people signing on to make the numbers work. they're not going to do that if they come to a website that doesn't work ever. they'll give up on it. now you have a lot of democrats saying we need to delay the individual mandate, the open enrollment. you have a series of technical problems and fundamental problems that are creating serious questions about whether this thing is going to work. >> the front page of the wall street journal today says it's an issue because there's nobody who's in charge. there is a lack of
CNBC
Oct 31, 2013 6:00am EDT
. and no one's thinking about the consumer, what was it like to go healthcare.gov and sign up? if you did, you'd realize what a fiasco it was. and even yesterday's appearance was emblematic of what the problem was. and working with them trying to figure out how to get it fixed and clearing away bureaucratic hurdles. there's so many hurdles that make it much more difficult to do this in government, this government than it would in private industry. >> what kind are you talking about? >> yeah. pardon? >> i'm sorry, what kind -- you mean versus private industry? >> well, you can't hire the people you need. you can't get the subcontractors. you can't get the people to help you. fortunately, finally put somebody in charge this qssi, the health group subsidiary and they're the biggest insurer and manager of these kind of programs. they should have done this 3 1/2 years ago if they wanted to get on top of it. now they're in the middle of a fiasco because not only this problem but they're canceling all these insurance plans for people and people are going to be very upset they find they can't keep the
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